xmas bash

[lukemg]

The amount of £150 is per attendee and not just for employees (ie partners/spouses who attend have their own exemption limit of £150)

Also says it doesn't have to be a single bash

???? So me + missus can go on lash in dec as long as we keep it under 300 notes ??

Is this true and WTF have I been doing not using this over the years.

[oracleslave]

Also says it doesn't have to be a single bash

Yeah, if you and the missus stick to that cheap asda cider she likes so much it's party all week!

[PAH]

Worth doing if you were going to do this sort of thing anyway, otherwise you're just burning capital regardless of any tax breaks.

A few mates who had a ltd company some years ago only ever held one official crimbo do for friends and family (they had no staff as it was just a small company). After the usual moaning about not having certain nosh or more free beer/wine they said sod it and just went on an all day piss-up themselves instead from then on.

So if you're doing one keep it small and don't expect any major benefits unless the missus or secretary usually gets frisky after a few drinks.

[lukemg]

300 quid ? for the stuff she likes it's 6 months of fun...

[Support Monkey]

me and some mates normally go for a curry in february and i put it through as the christmas party, the amount is for the whole year not just for christmas

[FiveTimes]

I'll be using my allowance for our trip to London in Feb

[MrRobin]

!! I always though it was £150 per employee only. Any guests had to come out of that employee limit i.e. 1 guest and 1 employee = £75 each...

Right. £300. That's a lot of partying.

[PAH]

Can someone less lazy than me please post a link to the official allowance?

I want to see if it's finally worth me getting a round in at the traditional mad friday Christmas bash if I can claim it as an expense.

[TheFaQQer]

me and some mates normally go for a curry in february and i put it through as the christmas party, the amount is for the whole year not just for christmas

It doesn't have to be all in one go, either.

If you go over that, though, then you pay tax on the whole of the last party, though.

e.g. party one averages £60 a head. Party two averages £200 a head. Tax is due on the £200.

[TheFaQQer]

Can someone less lazy than me please post a link to the official allowance?

I want to see if it's finally worth me getting a round in at the traditional mad friday Christmas bash if I can claim it as an expense.

Here's a link to the 2009 thread, linking to the 2007 thread and linking to HRMC